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Snipp Interactive Reports Financial Results for Q4 And Fiscal 2024, Announces Conference Call on May 20, 2025, And Management Changes
VANCOUVER, BC / ACCESS Newswire / May 16, 2025 / Snipp Interactive Inc. ("Snipp" or the "Compa...
About this update from Snipp Interactive Inc.
[{"type":"text","content":"Snipp Interactive Reports Financial Results for Q4 And Fiscal 2024, Announces Conference Call on May 20, 2025, And Management ChangesVANCOUVER, BC / ACCESS Newswire / May 16, 2025 / Snipp Interactive Inc. (\"Snipp\" or the \"Company\") (TSX-V:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates, and loyalty solutions, announced its financial results for the quarter (\"Q4-2024\") and year ended December 31, 2024 (\"Fiscal 2024\"). All results are reported under International Financial Reporting Standards (\"IFRS\") and in US dollars. A copy of the complete audited financial statements and management's discussion and analysis are available on SEDAR (www.sedarplus.ca).The Company also announces conference call details for investors taking place on Tuesday, May 20, 2025 at 10:00am Eastern Time (US) to discuss the Company's recent financial results and plans for the year.The conference call will be available via the following weblink or dial-in options.Weblink: https://v.ringcentral.com/join/334112632for meeting ID 334112632Dial-in: for parties in the United States dial +1-650-419-1505 and parties in Canada dial +1-437-800-0918, and then enter Meeting ID: 334112632Parties joining from other locations can refer to additional dial-in numbers based on your location listed at the following website and use the same Meeting ID referenced above: https://v.ringcentral.com/teleconferenceHighlights(Refer to Non-GAAP Measures, EBITDA, Gross Margin and Bookings Backlog discussion below)Revenue for Fiscal 2024 totaled $22.73 million.On an adjusted basis Revenue grew 22% in 2024 when removing the impact in 2023 of a single legacy contract that the company inherited as part of an acquisition.Revenue for Q4 2024 totaled $6.67 million.On an adjusted basis Q4 Revenue grew 19% in 2024 when removing the impact in 2023 of a single legacy contract that the company inherited as part of an acquisition.Gross margin in Fiscal 2024 was 61%, as compared to 31% in Fiscal 2023. Gross margin in Q4 2024 was 62%, as compared to 39% in Q4 2023.EBITDA in Fiscal 2024 totaled $703,494, compared to negative EBITDA of ($1,908,355) in Fiscal 2023, which represents an increase of $2,611,849.EBITDA in Q4 2024 totaled $582,628, compared to $31,566 in Q4 2023.Bookings Backlog (programs that have been sold, but whose revenues have not yet been recogn...